Finance

About the Department

The role of the CFO has changed dramatically over the past several years. The primary focus of the finance office during the second half of the 20th century was custody of funds and other basic treasury functions. However, as finance and government operations have become more complex, the functions of the CFO have also become more complex and diversified.

The CFO is primarily responsible for the preparation of the Annual Financial Statement, Annual Debt Statement, and Balance Sheet. Additional responsibilities include all general financial matters such as budget execution, bond insurance, investments, capital budgeting, inventory control, salary/benefit costing for collective bargaining negotiations, grant writing/application, and revenue based on spending decisions made by the Mayor and Governing Body.

This office also serves as treasurer to the Lopatcong Athletic Association.